What does the Inflation Reduction Act do for state and local government?
At a White House ceremony on Tuesday, President Biden signed the Inflation Reduction Act (IRA) into law, fulfilling one of the key promises of his campaign by committing unprecedented federal resources to the fight against climate change. … The IRA allocates $369 billion over 10 years for energy security and climate relief, $64 billion for extending the Affordable Care Act and $4 billion to address the water crisis in the western states. … Other grant programs offer billions to improve quality of life in these communities by establishing urban forests and parks, for community resilience and water supply projects in communities that lack reliable domestic water supplies.
Related article: